Regulation
Fed's Bies on enterprise risk management
In the speech 'A supervisor's perspective on enterprise risk management' given on 12 June Susan Schmidt Bies of the Federal Reserve said the Federal Reserve is aware of the additional workload banks face in complying with rules aimed at fighting money…
Buba's Meister warns on Euronext/NYSE plans
Bundesbank Executive Board member Edgar Meister said in an interview that a merger between Euronext NV and the New York Stock Exchange would stop the process of integration in the financial markets of Europe, and could possibly disrupt it for a longer…
Koizumi: 'No problem' on Fukui quit calls
Japanese prime minister Junichiro Koizumi suggested Tuesday 13 June that there are no plans to replace Bank of Japan governor Toshihiko Fukui over his investment in the fund founded by Yoshiaki Murakami, who was arrested on suspicion of insider trading.
Fed's Olson on compliance
In the speech 'What Are Examiners Looking for When They Examine Banks for Compliance?' given on 12 June Mark Olson of the Federal Reserve said US bank regulators are revising anti-money laundering guidelines for banks and aim to issue an updated manual…
Bank supervision Russian style
The Working Paper "Bank supervision Russian style: Rules versus enforcement and tacit objectives" from the William Davidson Institute focuses on the conflict between two central bank objectives, namely individual bank stability and systemic stability.
BIS paper on dynamic prudential regulation
The BIS Working Paper "Dynamic prudential regulation: Is prompt corrective action optimal?" investigates whether reliance on book-value capital is a good policy choice and if PCA is an optimal regulatory approach.
Syria, Lebanon sign memorandum on money laundering
Syria and Lebanon signed a memorandum of understanding on Wednesday 24 May to fight money laundering and terrorist financing, the Syrian News Agency SANA reported.
Singapore, Thai central banks sign supervisory MOU
Singapore and Thailand have signed a memorandum of understanding (MOU) for banking supervisory cooperation between the two countries, the MAS said Thursday 25 May.
China will strictly control new bank loans
China's banking regulator said in a statement published Thursday 25 May that it will strictly control the issuance of new loans.
Geithner on financial supervision and regulation
In the speech 'Principles to guide the future evolution of financial supervision and regulation' given on 19 May Timothy Geithner of the Federal Reserve Bank of New York said US financial institutions need to examine "the frontier of risk" to make sure…
Fed's Lacker on the evolution of consumer finance
In the speech 'The evolution of consumer finance' given on 18 May Jeffrey Lacker of the Federal Reserve Bank of Richmond said a wave of innovation in consumer credit markets has driven a surge in credit availability for the average consumer, but that…
Qatar appoints Lord Woolf to regulatory tribunal
Lord Woolf, formerly Lord Chief Justice, is to be appointed as the senior judge for Qatar's new financial centre. He will become the first President of the Qatar Financial Centre (QFC) Tribunal, which he will help establish, and he will preside over…
Nout Wellink to chair Basel Committee
The Group of Ten (G10) central bank governors and heads of banking supervision said Friday 19 May that they have appointed Nout Wellink, President of the Netherlands Bank, as the new Chairman of the Basel Committee on Banking Supervision.
Fed's Bernanke on Basel II
In the speech 'Basel II: Its promise and its challenges' given on 18 May Ben Bernanke of the Federal Reserve said federal banking regulators will press ahead on a sweeping plan aimed at improving risk management for the country's largest and most…
Fed's Bies on implementing Basel II
In the speech 'Implementing Basel II: Choices and challenges' given on 16 May Susan Schmidt Bies of the Federal Reserve said the Federal Reserve will conduct "ongoing, detailed" analyses to ensure new bank capital rules, when implemented, do not lead to…
Why India badly needs a new financial regulator
With two of its stock markets now among the world's five most active, India badly needs a modern financial regulator, according to this article published Thursday 4 May.
Norway contributes to UN principles on investments
Norges Bank published the document "Principles for Responsible Investment" on Thursday 27 April. The principles were developed by an international group of major institutional investors, on the basis of an initiative by the UN.
Fed's Bies on enterprise risk management
In the speech 'A bank supervisor's perspective on enterprise risk management' given on 28 April Susan Schmidt Bies of the Federal Reserve said the fast growth in commercial real estate lending by U.S. banks could lead to problems somewhere down the road.
Capital accord or capital discord?
According to this recent article, preparations for the new capital accord continue but there are growing fears among bankers and their supervisors that its inconsistent implementation around the world will cause problems.
Comment: A 'new multilateral approach'
The weekend's announcement of an enhanced IMF role in "multilateral surveillance and consultation" is an important conceptual shift in the way the Fund operates. It is also the closest leading economic leaders have come to acknowledging that global…
PBOC proposes new anti-money laundering rules
The People's Bank of China has proposed new anti-money laundering regulations aimed at the banking, insurance and securities sectors.
Cyprus-Armenia sign central bank MOU
The central banks of Cyprus and Armenia on Thursday 13 April signed a memorandum of understanding (MOU) to boost cooperation in the banking sector.
Comment: BCCI case 'a farce'
According to the presiding judge, the case brought against the Bank of England by Deloitte, liquidators for the Bank of Credit and Commerce International (BCCI), was "a farce" which "had the capacity to damage the reputation of [the British] legal system…
BCCI case was built on air - not even sand
Publication of the formal judgment on Wednesday 12 April finally brought to an end the BCCI litigation case against the Bank of England described as a myriad of "hopeless inconsistencies and implausibilities".